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2012/11/14

WhisperfromWallStreet- Will TGWI Be Our Next 100+ Point Gainer?

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November 13th, 2012
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Hey Everybody,

Congratulations to anyone who was able to book some profits on BSTO.  The stock was up 400% at one point!  As we told you in the alert, we were the first newsletter alerting BSTO, this company is just starting to trade, and the stock is certainly volatile.

Okay, on to the next one.  From a company trying to gain a market, to a company that has a strong one.  Our alert for Wednesday has been an investor favorite for a while.  Earlier this year this stock made a 900% move!

Back in October, we alerted this company and our readers had the opportunity to make a 75% gain.   

Since then the company saw a bit of a selloff.  However, Tuesday the company released some exciting news and looks poised for another major move, so let's get to it.

Our alert for Wednesday is Tenguy World International, Inc., TGWI.

The stock closed Tuesday at $0.0085.

Here's some information to refresh you on the company's story.

TGWI is a full service oil company pursuing oil drilling projects and innovative technologies used for oil and gas exploration.

TGWI is based in Houston, Texas, with some of the largest oil and gas companies in the United States.

TGWI's focus areas include Texas, Pennsylvania, Oklahoma, Louisiana and Wyoming.

TGWI has purchased a working interest in the White 12-1 project located in Pottawatomie County, Oklahoma. The project currently has one producing well and one salt water disposal (SWD) well. The well produces on 40 acres from the Hunton Limestone oil bearing reservoir. This well was not previously fractured and has been producing from the natural reservoir completion for two years. Operating and lifting costs are at industry minimums.

TGWI is currently in the process of fracturing which will extend the producing limestone reservoir by an approximate 3 to 4 hundred foot radius beyond the existing flow structure. The fracture fluid will permeate the Hunton Limestone and substantially increase the porosity of the reservoir.

According to projections from the operations team, after the chemical stimulation and frac enhancements are completed on the White 12-1, production could go from 5 barrels per day to 20+ barrels per day. The enhancements are scheduled to be completed within the next forty days.

In addition to the producing well, the project has a salt water disposal (SWD) well nearby at its disposal for direct injection. The importance of onsite water disposal facilities is critical for reduced costs and environmental purposes.

TGWI has just recently updated its financials after being dormant since 2008.  Since becoming up to date the stock has been very active and made some nice moves.

So that's essentially what we already know.   But now on Tuesday they've released press about an additional revenue stream.

TGWI has entered into a joint venture with Intrepid Capital Holdings Corp. to provide oil drilling services to other oil companies and market such services to companies in which it invests.

TGWI will leverage the joint contacts of both companies in the oil business to provide the company with an additional revenue stream. Intrepid's management has an extensive background in oil and gas and currently provides services and investments to several key projects in the industry. In addition, Intrepid Capital owns Intrepid Wood Products which specializes in environmentally friendly wood products for the oil and gas industry.
Click to Enlarge


This news coincides with an excellent chart setup.

Since coming down TGWI has found a support level.  It has already made bounces of 98% and 61% from this level.  Often times the third touch on a support level can act as a springboard for a large bounce.

This is where TGWI is now.  Investor eyes are coming to TGWI from their press, and traders should be excited by this chart.

Be ready to go Wednesday and to book your profits with TGWI.

As always, do your own research, don't chase gaps, use limit orders
to enter positions, always use stop loss orders to protect your
position, and take profits when you are in a position to do so.

Good Trading,

Mark

Additional Research here:
Company Website: http://tenguyworldint.com
Detailed Quote: http://finance.yahoo.com/q?s=TGWI&ql=1 
    

Gray 

 

 

 

 

  

 

 

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